Further Growth Opportunities

Kyzyl is one of the best development-stage gold projects in the world > Large: 7.3 Moz of gold reserves, of which 3.1 Moz is open pit High-grade: 7.7 g/t with 6.9 g/t in the open pit > Excellent exploration upside: 3.1 Moz of additional resources at 6.8 g/t > LOM: 22 years (first 10 years open pit) > Low capital intensity: US$375M (open pit + flotation + POX expansion) > Robust economics:* US$ 488/oz TCC US$ 518/oz AISC 33% IRR US$ 750M NPV Notes: *Based on 10% discount rate. the gold price of US$ 1,200/oz, RUB/USD exchange rate of 64 and Tenge/USD exchange rate of 300. ▲ POLYMETAL INTERNATIONAL PLC | 13

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